Dime Community Bancshares, Inc. – 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 (NASDAQ:DCOMG) Short Interest Down 22.5% in March

Dime Community Bancshares, Inc. – 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 (NASDAQ:DCOMG) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 2,230 shares, a drop of 22.5% from the February 26th total of 2,879 shares. Based on an average trading volume of 3,291 shares, the days-to-cover ratio is presently 0.7 days.

Dime Community Bancshares, Inc. – 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 Stock Performance

Shares of DCOMG traded up $0.15 during trading hours on Monday, reaching $26.47. The company had a trading volume of 2,172 shares, compared to its average volume of 3,732. Dime Community Bancshares, Inc. – 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 has a 12-month low of $24.25 and a 12-month high of $26.98. The firm has a 50 day simple moving average of $26.35 and a 200-day simple moving average of $26.33.

Dime Community Bancshares, Inc. – 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Tuesday, March 31st.

Dime Community Bancshares, Inc is a bank holding company headquartered in Brooklyn, New York. Through its wholly owned subsidiary, Dime Community Bank, the company provides retail and commercial banking services across the New York metropolitan area. Established in 1864, Dime has expanded from a local savings institution into a regional bank with branches serving customers in Brooklyn, Queens, Staten Island, the Bronx, Manhattan and Westchester County.

The company’s commercial banking operations focus on lending for commercial real estate, including office, retail and multi‐family residential properties, as well as construction and development financing.